Multiple Choice
A property developer must classify properties that it hold for sale in the ordinary course of business as
A) Inventories
B) Property, Plant and Equipment
C) Financial Assets
D) Investment property
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Cost of inventory does not include<br>A)Salary of
Q12: ASB was set up in India on………………<br>A)21
Q13: An entity must measure its Property, Plant
Q14: …………….is the residual interest in the asset
Q15: An intangible asset is identified when,<br>A)It is
Q17: Impairment loss is recognised when,<br>A)Carrying amount of
Q18: The cost of intangible asset at initial
Q19: IASB was established in the year….<br>A)1999<br>B)1977<br>C)1972<br>D)2001
Q20: Which method depreciation is most appropriate for
Q21: An entity assesses inventories for impairment,<br>A)Only when